Poverty is not caused simply by the absence of income.

http://www.newsobserver.com/2010/11/26/824445/the-fragile-family-effect.html

Mo money, mo money, mo money!

My kind of Study.

Really great Power Point presentation from the Fed of St. Louis President on QEII.

We are all about information here at this Blog (plus a little poking fun at life). Thanks to Dr. Rothman for sending this great PP show.



www.funnyeconomist.com/QEII.pdf

Wanna make $$$ investing? Read this opinion piece. All the rest is piffle.

http://online.wsj.com/article/SB10001424052748703848204575608623469465624.html?mod=WSJ_Opinion_LEADTop

Charles Calomiris has some real doubts about QEII.

Martin Feldstein on QEII.

I have been thinking lately that QEII will just do what has already been done...generate another asset price/commodity bubble. If that is the case, then once again the Fed has become the problem and not the solution. I suppose a policy maker always wants to be seen to be doing something in times of crisis. But doing something is not always better than doing nothing, especially if it induces greater instability. And as Charles Calomiris pointed out last week, we are in recovery and not in crisis mode. Is $1 trillion really worth 20 basis points in the 10-year Treasury rate and a huge risk for a redux of That 70s Show?

http://www.ft.com/cms/s/0/9ba381d0-e6b5-11df-99b3-00144feab49a.html#axzz15Z1nm4Ru

More on QEII.

This is what it takes to make any money in horse racing or gambling in general. And even then it's a 5% edge.

http://www.leggmason.com/thoughtleaderforum/2007/conference/crist.html

Today's lesson: Moral Hazard Irish style.

They say God created whiskey so the Irish don't rule the world. Well I dunno. But I do know when the Irish government guaranteed ALL the debts of ALL their large banks in our recent little world crisis, they sure set themselves up for a big headache. It should have been Irish crew cuts for all but the depositors. But the Irish are bailing everyone. Maybe there really is a pot o' gold at the end of the rainbow. For Ireland's sake I hope there is.


http://online.wsj.com/article/SB10001424052748704312504575618080737503218.html?mod=WSJ_Opinion_AboveLEFTTop

Trade, taxes, and economic dynamism.

Is China beginning to unravel? Is the Iron Rice Bowl coming apart? From our friends at www.STRATFOR.com

Greg Mankiw, James Hamilton and Robert Hall are the three most reasonable and scientific non-screaming macro economists around. They talk, I listen.

http://gregmankiw.blogspot.com/2010/11/qe2.html

One more on QEII. Tip o' the hat to my brother and The Armchair Economist for sending it.

Janet Yellen weighs in on QEII.

http://online.wsj.com/article/SB10001424052748703670004575617000774399856.html?mod=WSJ_article_LatestHeadlines

And Blinder does not even have to shout.

http://online.wsj.com/article/SB10001424052748704658204575611052418939656.html?mod=djemEditorialPage_t

Q and A on QEII. It is not cut and dried what will happen.

http://blogs.wsj.com/economics/2010/11/03/qa-on-qe2-what-a-fed-move-would-mean/

Too good not to share. Barry White meet Ben Bernanke.

Fun at the Breeder's Cup.

Here we are at last weekend's Breeder's Cup. I am representing my school as you can see. ECU has been good to me and my family so I'm going to show some school spirit. Also there is a picture of me and my degenerate horse race gambling buddy Marshall Gramm. Also that's me with my brother Rick and ECU Wall of Fame member Francis Vaughn. A good time was had by all.

Women drivers at their best.

History repeats.

http://online.wsj.com/article/SB10001424052702304173704575578410626436120.html

Henninger is right.

More enlightenment.

http://www.econbrowser.com/archives/2010/11/qe2_been_there.html

Happy Veterans' Day!

The 11th hour of the 11th day of the 11th month...ended the First World War in 1918. That is what gave us Veterans' Day. So did the dude above Arch Duke Ferdinand. WWI is ghoulish and ghastly to reflect upon. A machine gun war with Civil war tactics. Mass wave assaults with no chance of success, poison gas, artillery shelling for days on end and trench warfare. I have read reports that some British soldiers were still assaulting German positions at 10:59 am on the last day. God help us. What a waste.

My loyal, faithful and trusty dog Misiu has passed away.

The greatest dog in the world has left me. My dog Misiu (Me-shoe), which is Polish for little teddy bear, has died from an insulnoma which is a tumor on her pancreas. This caused her insulin levels to soar and generated hypoglycemia. We controlled it for a while but the bigger the tumor got, the crazier went the insulin levels until we could no longer keep her blood sugar high enough to survive. I include two pictures of her. One with my other trusty companion, her half brother, Spanky who I lost a few years ago. They are hanging out in my 1971 Bronco that I restored. The other is her and I in a pheasant field in Indiana after a successful hunt. She was deadly for ducks and birds and the most loving creature ever in the house. Don't suppose I'll ever have another dog as great as she. It is a cruel thing that a hunter and his dog do not live the same lifetimes. Losing a hunting companion who would do anything you asked and do everything it could just for your approval and pleasure is worse than dying the death of a thousand stings. I include the video from Jimmy Stewart. The House of Parker is in deep mourning.

The trail of damage. See more at www.calculatedriskblog.com

Great housing idea number II.

http://www.nber.org/feldstein/wsj03072008.html

This is just too good.

Great housing idea number I.

http://online.wsj.com/article/SB10001424052970204908604574330883957532854.html

Very, very well-written explanation.

http://online.wsj.com/article/SB10001424052748703506904575592471354774194.html?mod=WSJ_article_LatestHeadlines

This is funny. Thanks Drs. Rothman and Mankiw.

The world's smartest woman.

http://online.wsj.com/article/SB10001424052748704141104575588211544818170.html?mod=djemEditorialPage_t

Tom Cooley et. al. need to be listened to. Thanks to Dr. Rothman for passing this along.

http://www.voxeu.org/index.php?q=node/5692